Analysis: Berwyn pays property taxes two times national average

The home for sale at 6519 28th St. in Berwyn had a property tax bill of $6,398 in 2016. | Zillow.com

Property owners in Berwyn paid more than 2.6 percent of the value of their homes in taxes last year. That’s more than two times the national average, according to an LGIS analysis of real estate sales data in the West Suburbs from Jan 1. to June 30.

Local Government Information Service (LGIS) publishes West Cook News.

Berwyn, population 55,748, recorded a median sale price of $217,250, based on data from the 358 properties sold during the first half of 2018. In 2017, homeowners paid a median property tax bill of $5,672, according to county tax data from the Cook County Assessor’s Office.

That’s 2.61 percent of the community’s median home value. In the U.S., the average effective property tax rate is 1.19 percent.

Put another way: a $217,250 home in Indiana, where the effective rate is 0.89 percent, would have a property tax bill of about $1,934, or more than $3,700 less per year.

The analysis, including 35 West Suburbs communities, shows homeowners in Maywood, Countryside, River Grove, Oak Park, Stone Park, Northlake, River Forest, Bellwood and Hodgkins pay the highest property taxes in the region, each clocking in with effective rates between 2.75 and 4 percent.

Illinois homeowners pay the second-highest property taxes in the country with an effective median rate of 2.32 percent, just behind those in New Jersey (2.28 percent).

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Top Property Rates in West Suburbs

The following table ranks West Suburbs communities by their median effective property tax rate, calculated using sales and property tax data from 2018.

City

Jan - June 2018 Sales

Jan - June 2018 Median Price

Median tax

Effective Property Tax Rate

Maywood

158

$125,000

$4,951

3.96%

Countryside

38

$131,000

$4,188

3.20%

River Grove

54

$167,500

$5,351

3.19%

Oak Park

473

$351,000

$10,492

2.99%

Stone Park

9

$163,000

$4,651

2.85%

Northlake

81

$169,000

$4,756

2.81%

River Forest

109

$470,000

$13,179

2.80%

Bellwood

112

$150,500

$4,154

2.76%

Hodgkins

4

$209,250

$5,769

2.76%

Cicero

263

$165,500

$4,392

2.65%

Berwyn

358

$217,250

$5,672

2.61%

Bedford Park

7

$210,000

$5,438

2.59%

Forest Park

161

$215,000

$5,445

2.53%

Melrose Park

134

$192,500

$4,858

2.52%

Franklin Park

105

$210,000

$5,219

2.49%

Berkeley

36

$187,250

$4,582

2.45%

Willow Springs

64

$260,750

$6,243

2.39%

La Grange

173

$395,000

$9,393

2.38%

Lyons

72

$165,000

$3,931

2.38%

Hillside

49

$180,000

$4,251

2.36%

Brookfield

171

$242,000

$5,654

2.34%

Riverside

67

$410,000

$9,560

2.33%

Forest View

9

$205,000

$4,766

2.32%

Hinsdale

32

$717,500

$15,765

2.20%

Schiller Park

63

$195,000

$4,258

2.18%

La Grange Park

97

$350,000

$7,511

2.15%

Elmwood Park

185

$255,000

$5,490

2.15%

Broadview

40

$179,000

$3,807

2.13%

Indian Head Park

53

$218,000

$4,498

2.06%

Westchester

164

$239,500

$4,915

2.05%

Burr Ridge

34

$481,250

$9,445

1.96%

North Riverside

42

$233,000

$4,404

1.89%

Western Springs

120

$545,000

$10,034

1.84%

Harwood Heights

62

$266,500

$4,757

1.79%

Norridge

101

$285,000

$4,782

1.68%

La Grange Highlands

21

$360,000

$5,760

1.60%

Source: BlockShopper.com; Cook County Assessor’s Office

Median Sales Prices in West Suburbs

The following table ranks West Suburbs cities by the year-over-year change in median sale price, which is calculated using prices of properties sold during the first six months of 2018.

City

Jan - June 2017 Sales

Jan - June 2017 Median Price

Jan - June 2018 Sales

Jan - June 2018 Median Price

Change

Hodgkins

1

$125,000

4

$209,250

67.40%

Bedford Park

6

$150,000

7

$210,000

40.00%

Stone Park

10

$119,500

9

$163,000

36.40%

Hillside

53

$137,500

49

$180,000

30.91%

La Grange Highlands

24

$292,500

21

$360,000

23.08%

Bellwood

138

$124,000

112

$150,500

21.37%

Franklin Park

137

$175,000

105

$210,000

20.00%

Lyons

76

$137,500

72

$165,000

20.00%

Maywood

127

$105,000

158

$125,000

19.05%

Broadview

69

$152,000

40

$179,000

17.76%

Forest View

7

$175,000

9

$205,000

17.14%

Elmwood Park

175

$225,000

185

$255,000

13.33%

Melrose Park

141

$170,000

134

$192,500

13.24%

Cicero

316

$149,000

263

$165,500

11.07%

Riverside

94

$373,500

67

$410,000

9.77%

Western Springs

105

$500,000

120

$545,000

9.00%

Brookfield

159

$222,500

171

$242,000

8.76%

Norridge

100

$262,500

101

$285,000

8.57%

Berwyn

378

$201,250

358

$217,250

7.95%

Berkeley

38

$177,000

36

$187,250

5.79%

Northlake

71

$160,000

81

$169,000

5.63%

Hinsdale

30

$680,000

32

$717,500

5.51%

Oak Park

494

$337,500

473

$351,000

4.00%

Willow Springs

49

$254,500

64

$260,750

2.46%

North Riverside

50

$230,000

42

$233,000

1.30%

Forest Park

158

$212,750

161

$215,000

1.06%

Westchester

171

$238,000

164

$239,500

0.63%

Indian Head Park

45

$220,000

53

$218,000

-0.91%

La Grange Park

94

$354,250

97

$350,000

-1.20%

Harwood Heights

63

$270,000

62

$266,500

-1.30%

River Forest

123

$499,000

109

$470,000

-5.81%

Schiller Park

56

$208,000

63

$195,000

-6.25%

River Grove

65

$182,000

54

$167,500

-7.97%

Burr Ridge

48

$540,000

34

$481,250

-10.88%

La Grange

139

$460,000

173

$395,000

-14.13%

Countryside

41

$190,000

38

$131,000

-31.05%

Source: Blockshopper.com; Cook County Recorder

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